Salt River Electric

Organization Overview

Salt River Electric is located in Bardstown, KY. The organization was established in 1957. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Salt River Electric employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salt River Electric is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2021, Salt River Electric generated $114.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $114.4m during the year ending 12/2021. While expenses have increased by 0.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

DISTRIBUTION SALES OF ELECTRICITY ON A PATRONAGE BASIS TO AN AVERAGE OF APPROXIMATELY 54,465 CONSUMERS MONTHLY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE DISTRIBUTION SALES OF ELECTRICITY TO AN AVERAGE OF APPROXIMATELY 54,465 CONSUMERS MONTHLY ON A PATRONAGE BASIS.


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Board, Officers & Key Employees

Name (title)Compensation
Tim Sharp
President & CEO
$296,440
Nicky Rapier
Chief Info Officer
$158,921
William Tucker
Lineman
$153,301
William Clements
Lineman
$150,932
James Thornsberry
Lineman
$148,181
Richard Hoops
Lineman
$145,066

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Hamilton Power Line
Line Construction
$886,649
A&g Tree Service
Tree Trimming
$867,727
David Elliot Constuction
Line Construction
$318,149
Allied Underground
Underground Services
$223,154
Redbird Construction
Bldg Renovations
$187,461
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$111,790,400
Investment income $109,532
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $114,408,015

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